Monthly Rent Report
O'Hare Rent Report — May 2024
Asking rents in ZIP 60656, Chicago, from 258 listings.
Median 1BR rent in O'Hare was $1,150 in May 2024, down 28.1% (−$450) from April 2024 and down 18.1% year-over-year. The middle half of 1BR listings asked between $1,150 and $1,150. That puts O'Hare $353 below the Chicago citywide 1BR median of $1,503. The month's figures are based on 258 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,305 | −$65 (-4.7%) | +$10 (+0.8%) | $1,251 – $1,410 | 58 |
| Studio | $1,305 | −$65 (-4.7%) | +$10 (+0.8%) | $1,251 – $1,410 | 58 |
| 1BR | $1,150 | −$450 (-28.1%) | −$255 (-18.1%) | $1,150 – $1,150 | 1 |
| 1BR | $1,150 | −$450 (-28.1%) | −$255 (-18.1%) | $1,150 – $1,150 | 1 |
| 2BR | $1,800 | −$90 (-4.8%) | −$225 (-11.1%) | $1,295 – $1,975 | 73 |
| 2BR | $1,350 | −$540 (-28.6%) | −$675 (-33.3%) | $1,350 – $1,350 | 1 |
| 3BR | $1,800 | −$715 (-28.4%) | −$605 (-25.2%) | $1,800 – $1,800 | 1 |
| 3BR | $2,515 | $0 (0.0%) | +$110 (+4.6%) | $2,515 – $2,515 | 30 |
| 4BR | $2,512 | $0 (0.0%) | −$135 (-5.1%) | $2,512 – $2,512 | 17 |
| 4BR | $2,512 | $0 (0.0%) | −$135 (-5.1%) | $2,512 – $2,512 | 17 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
O'Hare vs. Chicago — May 2024
| Bedrooms | O'Hare Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,305 | $1,196 | +$109 (+9.1%) |
| Studio | $1,305 | $1,196 | +$109 (+9.1%) |
| 1BR | $1,150 | $1,503 | −$352 (-23.5%) |
| 1BR | $1,150 | $1,503 | −$352 (-23.5%) |
| 2BR | $1,800 | $1,825 | −$25 (-1.4%) |
| 2BR | $1,350 | $1,825 | −$475 (-26.0%) |
| 3BR | $1,800 | $2,236 | −$436 (-19.5%) |
| 3BR | $2,515 | $2,236 | +$279 (+12.5%) |
| 4BR | $2,512 | $2,725 | −$213 (-7.8%) |
| 4BR | $2,512 | $2,725 | −$213 (-7.8%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in May 2024.